Recent Labor Market Developments

Unemployment Rates for Utica-Rome MSA

(not seasonally adjusted)

May 2018: 4.3%
April 2018: 5.3%
May 2017: 4.9%

The unemployment rate in the Utica-Rome MSA fell from 4.9 percent in May 2017 to 4.3 percent in May 2018. The unemployment rate decreased from 5.3 percent in April. (The current unemployment rate series began in 1990.)

Historically, from April to May, in the past 10 years, the jobless rate decreased 9 times, and was unchanged once.

The unemployment rate is expected to increase in June. Historically, from May to June, in the past 10 years, the jobless rate increased 5 times, remained stable 4 times, and fell once. In June, leisure and hospitality, local government, natural resources, mining and construction, professional and business services and retail trade are expected to post seasonal employment gains with the beginning of summer.

Change in Non-farm Jobs since May 2017

For the 12-month period ending May 2018, the nonfarm job count in the Utica-Rome metro area fell 900, or 0.7 percent, to 127,300. Private sector employment fared better, shedding 200, or 0.2 percent, to 96,400.

Job gains occurred in financial activities (+100), leisure and hospitality (+100), natural resources, mining and construction (+100), and other services (+100).

Job losses were posted in government (-700), education and health services (-500), and information (-100).

In government, losses primarily occurred in local government education (-500).

–New York State Department of Labor Division of Research & Statistics